The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2019. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel (EV 0f $1.py of $1. EVA of $1. PVA of 51. EVAD of S1 and PVAD of 5) (Use appropriate foctor(s) from the tables provided.) a. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition Land A and Building A were acquired from a predecessor corporation Thompson paid $742,500 for the land and building together At the time of acquisition, the land had a far value of $99,600 and the building had a fair value of $730,400 c Land B was acquired on October 2, 2019. in exchange for 2 300 newly issued shares of Thompson's common stock. At the date of acquisition the stock had a par value of $5 per share and a fait value of $18 per share. During October 2019, Thompson paid $9700 to demolish an existing building on this land so it could construct a new building d. Construction of Building B on the newly acquired land began on October 1, 2020. By September 30, 2021. Thompson had paid $140,000 of the estimated total construction costs of $230,000. Estimated completion and occupancy are July 2022 e. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $13.200 and the residual value at $1.300 Equipment As total cost of $115.000 includes installation charges of $480 and normal repairs and maintenance of $10,300. Residual value is estimated at $5.700. Equipment A was sold on February 1, 2021 g On October 1, 2020. Equipment 8 was acquired with a down payment of $3.300 and the remaining payments to be made in 10 annual installments of 53,300 each beginning October 1, 2021 The prevailing interest rate was 7% Required: Supply the correct amount for each answer box on the schedule. (Round your intermediate calculations and final answers to the nearest whole dollar) THOMPSON CORPORATION Fixed Asset and Depreciation Schedule For Fiscal Year Ended September 30, 2020, and September 30, 2021 Depreciation for Year Ended 930 Acquisition Date Depreciation Method Assets Cost Estimated Life In Years Residual 2021 NA NA 2020 NA 5 13300 NA NA 41600 NA $ NA NA Landa Building A Land Bulding Donated Equipment 10/12019 10/1/2019 102/2010 Under Construction 10/12/2019 into not applicable Straight line not applicat Straight line 2009 Declining balance She 140 000 to date 30 10 1,300 b. Land A and Building A were acquired from a predecessor corporation Thompson paid $742,500 for the land and building together. At the time of acquisition, the land had a fair value of $99,600 and the building had a fair value of $730,400 c Land B was acquired on October 2, 2019, in exchange for 2,300 newly issued shares of Thompson's common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $18 per share During October 2019, Thompson paid $9700 to demolish an existing building on this land so it could construct a new building d Construction of Building B on the newly acquired land began on October 1, 2020. By September 30, 2021, Thompson had paid $140,000 of the estimated total construction costs of $230,000. Estimated completion and occupancy are July 2022 e Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $13,200 and the residual value at $1,300 1. Equipment A's total cost of $115,000 includes installation charges of $480 and normal repairs and maintenance of $10,300 Residual value is estimated at $5,700 Equipment A was sold on February 1 2021 g.On October 1, 2020. Equipment B was acquired with a down payment of S3 300 and the remaining payments to be made in 10 annual installments of $3300 each beginning October 1, 2021 The prevailing Interest rate was 7% Required: Supply the correct amount for each answer box on the schedule (Round your intermediate calculations and final answers to the nearest whole dollar) THOMPSON CORPORATION Fixed Asset and Depreciation Schedule For Fiscal Years Ended September 00.2020. and September 30, 2021 Assets Acquisition Date Cost Hesidual $ NIA 41.600 NA LandA Building Land Building Donated Equipment Equipment Equipment 10/1/2019 10/1/2010 10/2/2019 Under construction 100/2010 10/2/2019 10/1/2020 Depreciation for Depreciation Estimated Year Ended 930 Method Life In Years 2020 2021 not applicable NIA NA NA Strains 13.300 tot opicable NA NIA NA Straighting 30 2009 Deining balance 10 Sum of the dots 10 Straight line 15 140 000 to date - 300 5.700